By the end of Q2 2025, TotalEnergies’ gross installed renewable power generation capacity had reached 30.2 GW, up 26 percent year-on-year, driven by a 6.2 GW increase.
TotalEnergies said power generation from renewables reached 15.2 TWh in the first half, up 18 percent from the previous year.
TotalEnergies has divested 50 percent of its 604 MW renewables portfolio in Portugal as part of its business model and reported cash flow from its Integrated Power business of $1.2 billion for the first half of 2025, consistent with annual guidance.
In terms of development pipeline, TotalEnergies reported 64.1 GW of renewable projects under development globally, including 25.8 GW of solar and 21 GW of offshore wind capacity. In addition to building new renewable energy capacity, TotalEnergies focused on carbon footprint reduction by signing a 15-year agreement to secure 60,000 tons of used cooking oil annually for its biorefineries, and by selling 50 percent of its biogas company PGB in Poland.
TotalEnergies advanced its renewable energy initiatives significantly in the first half of 2025. The company closed the acquisition of German renewable developer VSB and purchased 50 percent of AES’ renewables portfolio in the Dominican Republic.
TotalEnergies also acquired 350 MW of solar projects and 85 MW of battery storage systems in the UK and won a concession to develop a 1 GW offshore wind farm in Germany. Additionally, TotalEnergies signed an agreement in Indonesia with RGE to develop a solar and battery project to serve both local markets and Singapore.
TotalEnergies reported $6.6 billion in cash flow for the second quarter of 2025 despite a 10 percent decline in oil prices, driven by resilient hydrocarbon and electricity production. The company achieved an adjusted net income of $3.6 billion for the quarter and $7.8 billion for the first half of the year.
Its strategy focuses on a balanced multi-energy approach, combining growth in hydrocarbons with expansion in electricity and renewable energy. Hydrocarbon production reached 2.53 million barrels of oil equivalent per day, up 3 percent year-on-year, supported by new project start-ups such as Ballymore in the U.S. and Mero-4 in Brazil.
TotalEnergies said electricity production rose over 20 percent in the first half of 2025, totaling nearly 23 TWh. TotalEnergies made substantial investments of $11.6 billion in the first half, including $2.2 billion in acquisitions such as VSB and renewable assets in the Dominican Republic and UK.
TotalEnergies expects full-year investments to stay within the $17–17.5 billion guidance. The company continues to optimize its portfolio by divesting non-core assets and investing in strategic renewable and LNG projects to support its energy transition goals.
Baburajan Kizhakedath